Netflix – Lowe’s, Roku, United Pure Meals, FireEye & extra
Listed here are the stocks making main strikes in noon buying and selling on Wednesday.
Lowe’s — Shares of the house enchancment stock jumped 5.9% after Lowe’s mentioned it expects gross sales to develop by about 22% this 12 months as its turnaround efforts acquire momentum.
Roku — Shares of the streaming platform misplaced floor in afternoon buying and selling and completed flat for the day. Roku’s stock was about 7% increased in noon buying and selling and hit an all-time excessive after prime media analyst Laura Martin got here out along with her annual pair commerce for 2021: purchase Roku and promote Netflix. Martin of Needham mentioned Netflix‘s momentum will gradual and Roku’s progress will speed up.
United Pure Meals — The grocery stock sank 14.3% on the heels of a disappointing quarterly reported. United Pure Meals reported adjusted earnings per share of 51 cents on $6.67 billion in income for its fiscal first quarter. Analysts surveyed by Refinitiv had been in search of 74 cents in earnings per share and $6.81 billion in income. Internet gross sales had been up 12 months over 12 months, nonetheless.
FireEye – Shares of the cybersecurity firm plunged greater than 13% after FireEye mentioned its programs had been breached by hackers in a extremely subtle assault by a international authorities.
GameStop — The corporate reported a wider-than-expected third-quarter loss, sending the stock down greater than 19%. The video-game retailer misplaced $61.eight million in adjusted EBITDA, whereas analysts polled by FactSet anticipated a lack of $33 million. Income was additionally weaker-than-expected at $1 billion.
Nielsen Holdings — Shares popped greater than 9% after the rankings firm unveiled a sequence of initiatives geared toward accelerating progress. “We’ve redesigned our merchandise, our enterprise platform, and our working model, positioning Nielsen to higher ship the options our shoppers want within the quickly altering world media ecosystem,” CEO David Kenny mentioned in a launch.
AT&T — Shares of the telecommunications firm rose 2.1% after Dow Jones reported that AT&T had fielded affords for DirecTV that topped $15 billion, together with debt.
Zoom Video — The favored work-from-home stock slid 6.5% after JPMorgan downgraded Zoom Video to impartial from obese. The agency mentioned in a observe that the stock price “totally displays” the upside for the stock.
Chewy — Shares of the pet ship firm misplaced 4.5% on Wednesday amid broad weak point in tech stocks. Chewy’s shares had been up 2% in noon buying and selling after the corporate reported better-than-expected earnings. Chewy reported a lack of eight cents per share, whereas analysts had anticipated a lack of 13 cents per share, in keeping with Refinitiv. Income got here in at $1.78 billion, topping estimates of $1.724 billion. Internet gross sales rose 45% year-over-year.
Disney — Shares of the media large gained 0.5% after an improve from Wells Fargo and an initiation at obese from KeyBanc. Wells Fargo upgraded the stock to obese from equal weight, saying the corporate’s world streaming subscribers may almost triple over the subsequent 5 years.
— CNBC’s Maggie Fitzgerald, Fred Imbert and Michael Bloom contributed to this story.